The Australian Federal Government has recently passed the Future Made in Australia (Guarantee of Origin) Bill 2024, along with two supporting bills, to enhance the country's renewable energy sector. The legislation introduces the voluntary Guarantee of Origin (GO) scheme, which aims to certify the low-emissions nature of products to help Australian producers compete effectively in the global market. This scheme provides regulatory certainty and encourages investment in renewable energy and decarbonised products. Energy Minister Chris Bowen emphasized the importance of the GO scheme in driving investment and supporting Australia's clean energy transition. In addition to the GO scheme, the government has introduced the Future Made in Australia (Production Tax Credit and Other Measures) Bill 2024, offering incentives for hydrogen producers and critical minerals processors. These incentives include $2 per kilogram of renewable hydrogen produced and a 10% tax break on processing and refining costs for critical minerals processors, available for up to ten years per project. The program focuses on 31 critical minerals crucial for manufacturing clean energy products like wind turbines, solar panels, and electric vehicles. Companies will only receive the tax benefits once their projects are operational, and they must meet specific community benefit requirements. These initiatives are part of the government's strategy to position Australia as a key player in the global shift to renewable energy, aiming to boost the economy, create local jobs, and strengthen the country's position in the renewable energy market. The tax benefits are set to start in the 2027-2028 fiscal year and will continue until 2039-2040, supporting the growth of the clean energy industry in Australia.